Brandywine Global Investment Management LLC Lowers Stock Holdings in United Airlines Holdings Inc (NASDAQ:UAL)

Key Points

• Brandywine Global Investment Management LLC reduced its stake in United Airlines Holdings Inc by 4.3%, owning 191,727 shares after selling 8,620 shares during the first quarter.
• Insiders sold a total of 106,791 shares valued at approximately $9.99 million over the last quarter, indicating a decrease in their ownership in the company.
• Wall Street analysts are optimistic, with most firms giving United Airlines a "Buy" rating and target price increases, leading to a consensus target of $111.43.

Brandywine Global Investment Management LLC reduced its position in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 4.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 191,727 shares of the transportation company's stock after selling 8,620 shares during the quarter. Brandywine Global Investment Management LLC owned 0.06% of United Airlines worth $13,239,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Wahed Invest LLC boosted its holdings in shares of United Airlines by 5.4% in the 4th quarter. Wahed Invest LLC now owns 2,106 shares of the transportation company's stock worth $204,000 after purchasing an additional 108 shares in the last quarter. Wedbush Securities Inc. boosted its holdings in shares of United Airlines by 3.3% in the 1st quarter. Wedbush Securities Inc. now owns 4,651 shares of the transportation company's stock worth $321,000 after purchasing an additional 147 shares in the last quarter. Forum Financial Management LP boosted its holdings in shares of United Airlines by 2.7% in the 4th quarter. Forum Financial Management LP now owns 5,723 shares of the transportation company's stock worth $556,000 after purchasing an additional 148 shares in the last quarter. Principal Securities Inc. boosted its holdings in shares of United Airlines by 2.0% in the 1st quarter. Principal Securities Inc. now owns 7,758 shares of the transportation company's stock worth $536,000 after purchasing an additional 149 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV boosted its holdings in shares of United Airlines by 15.6% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 1,110 shares of the transportation company's stock worth $77,000 after purchasing an additional 150 shares in the last quarter. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Michelle Freyre sold 900 shares of the stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $92.13, for a total value of $82,917.00. Following the completion of the transaction, the director directly owned 829 shares of the company's stock, valued at $76,375.77. This represents a 52.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Kate Gebo sold 29,953 shares of the stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $97.59, for a total transaction of $2,923,113.27. Following the completion of the transaction, the executive vice president directly owned 45,496 shares of the company's stock, valued at approximately $4,439,954.64. The trade was a 39.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 106,791 shares of company stock valued at $9,992,318 over the last quarter. 0.71% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on UAL. Wall Street Zen lowered shares of United Airlines from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. Bank of America increased their target price on United Airlines from $90.00 to $108.00 and gave the company a "buy" rating in a report on Friday, July 18th. Susquehanna lifted their price target on United Airlines from $81.00 to $109.00 and gave the stock a "positive" rating in a research note on Tuesday, July 15th. TD Cowen lifted their price target on United Airlines from $101.00 to $127.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Finally, UBS Group lifted their price target on United Airlines from $103.00 to $114.00 and gave the stock a "buy" rating in a research note on Tuesday, July 15th. Two equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, United Airlines currently has a consensus rating of "Buy" and an average price target of $111.43.

United Airlines Stock Performance

United Airlines stock opened at $100.93 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.65 and a debt-to-equity ratio of 1.56. The firm has a 50-day moving average of $85.29 and a 200-day moving average of $82.29. The firm has a market cap of $32.67 billion, a P/E ratio of 10.11, a P/E/G ratio of 1.28 and a beta of 1.48. United Airlines Holdings Inc has a 1-year low of $40.96 and a 1-year high of $116.00.

United Airlines (NASDAQ:UAL - Get Free Report) last released its quarterly earnings results on Wednesday, July 16th. The transportation company reported $3.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.81 by $0.06. United Airlines had a net margin of 5.71% and a return on equity of 30.09%. The company had revenue of $15.24 billion during the quarter, compared to the consensus estimate of $15.31 billion. During the same period in the prior year, the firm earned $4.14 earnings per share. United Airlines's revenue was up 1.4% on a year-over-year basis. Sell-side analysts expect that United Airlines Holdings Inc will post 12.96 EPS for the current year.

United Airlines Company Profile

United Airlines Holdings, Inc, through its subsidiaries, provides air transportation services in North America, Asia, Europe, Africa, the Pacific, the Middle East, and Latin America. The company transports people and cargo through its mainline and regional fleets. It also offers catering, ground handling, flight academy, and maintenance services for third parties.

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